What is the difference between eBay and Eachnet? eBay sellers, come on!

eBay and Eachnet are two platforms with similar names, but they are very different. In the eyes of most foreign trade people, eBay is currently the e-commerce giant second only to Amazon. So what are the differences between eBay and Eachnet?

Let’s talk about eBay first:

In August 1999, Eachnet was founded in Shanghai. It is mainly engaged in e-commerce. It was founded by Shao Yibo and Tan Haiyin, both of whom are from Shanghai and graduated from Harvard Business School in the United States. In February 2000, it pioneered the 24-hour non-stop hotline service in China. From March to May 2000, it formed a strategic alliance with Sina. In May 2000, it acquired 5291 Mobile Direct Sales Network and started online mobile phone sales, making this business one of the characteristics of Eachnet. Eachnet currently has 3.5 million registered users. In 2002, Eachnet formed an alliance with eBay and changed its name to eBay Eachnet, and quickly developed into the largest online trading community in China. Adhering to the purpose of helping almost anyone to realize any transaction anywhere, it not only provides sellers with a stage for online entrepreneurship and self-realization, but also provides a wide variety of low-priced and high-quality commodity resources, which also brings a new shopping experience to the majority of buyers.

In March 2002, eBay, the world's largest e-commerce website, invested 30 million US dollars and formed a strategic partnership with Eachnet. In April 2012, Eachnet was no longer a related website of eBay in China. Eachnet became a wholly-owned subsidiary of Tom Group, and all services provided by the Eachnet website were not affected. All businesses of Eachnet were divested from eBay and operated independently.

eBay:

eBay (EBAY, Chinese for Electronic Bay, eBay, Yibei) is an online auction and shopping website that allows people around the world to buy and sell items online. eBay was founded by Pierre Omidyar on September 4, 1995 in San Jose, California under the name Auctionweb. People can sell goods online on eBay.

Every day, millions of furniture, collectibles, computers, and vehicles are listed, offered, and sold on eBay. Some items are rare and valuable, but most are just dusty, insignificant trinkets. These items are often overlooked by others, but if they can be sold in a large global market, their value may rise sharply. As long as the items do not violate the law or are on eBay's prohibited sales list, they can be listed and sold on eBay. Services and virtual items are also included in the scope of sellable items. It is fair to say that eBay has overturned the smaller flea markets of the past, bringing buyers and sellers together to create a market that never rests.

The difference between Eachnet and eBay is that one is a domestic online trading platform, and the other is an international online trading platform. eBay is the largest C2C shopping platform on the international network. Many developed countries around the world can use its accounts to trade on it. This is possible, but not in China, because our finance is under regulation, so it is not convenient for us to do international trade. China has no access to it. In Hong Kong, there is eBay, which can sell goods to the world, but it is not possible in the mainland.

This is the end of the knowledge about eBay in this issue. If you want to get more information about eBay, please pay attention and we will continue to answer your questions~